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  5. > Offshore Oil and Gas Satellite Communications Market 

Offshore Oil and Gas Satellite Communications Market 

  • July 2015
  • -
  • Frost & Sullivan
  • -
  • 53 pages

Offshore Oil and Gas Satellite Communications Market : High Industry Growth Drives Satellite Adoption

Despite disruptions from oil and gas pricing, this industry remains one of the highest growth industries for the satellite Very Small Aperture Terminal (VSAT) market. Even during a period of lower margins for oil and gas companies, their consumption of VSAT services and hardware is stronger than the overall VSAT industry average. This research will include analysis of spending on satellite communications by oil and gas vendors.


Key Questions This Study Will Answer

- What sort of growth will VSAT have for the oil and gas market?
- What effect will decreased oil prices have on satellite adoption and revenue?
- What are the driving trends in this market?
- How does oil and gas compare to other market verticals?
- What is the competitive landscape of this market?
- What is the market share breakout of oil and gas spending for satellite communications for 2014?

Key Findings

Despite a significant decrease in oil prices, demand remains high, and production will continue at a CAGR of % between 2014 and 2020.
- Though spending on exploration may slow down over the next couple of years while prices are down, offshore drilling and operations will remain strong.
- In addition, there are very few offshore vessels that are not currently in use. The number of inactive vessels remains generally consistent, with no significant change in utilization. Thus, while profit margins may have reduced, production has remained consistent.
- Decreased oil prices do not affect the communications needs of active ships and vessels that are offshore and unreachable by traditional terrestrial technologies. Thus, the demand for satellite communications in the oil and gas industry will remain strong, being required for monitoring and providing offshore personnel with communications.
- The decreased price of oil globally is a temporary phenomenon which will eventually be reversed. However, over the next couple of years, this will be a relevant trend in the industry and dictate spending in the industry. However, there is a finite amount of oil in the world, and the macro-trend is for prices and spending to increase over time. 2015 will be the most effected year, with spending on SATCOM only increasing by % over 2014.

Table Of Contents

Offshore Oil and Gas Satellite Communications Market 
Table Of Contents
1 EXECUTIVE SUMMARY

Executive Summary
1 Key Findings
2 Satellite Communications Leveraged by Offshore Vessels
3 Measurements
4 CEO's Perspective

2 MARKET OVERVIEW

Market Overview
1 Market Definitions
2 Key Questions This Study Will Answer

3 DRIVERS AND RESTRAINTS—TOTAL OFFSHORE OIL AND GAS SATELLITE COMMUNICATIONS MARKET

Drivers and Restraints—Total Offshore Oil and Gas Satellite Communications Market
1 Market Drivers
2 Market Restraints

4 FORECASTS AND TRENDS—TOTAL OFFSHORE OIL AND GAS SATELLITE COMMUNICATIONS MARKET

Forecasts and Trends—Total Offshore Oil and Gas Satellite Communications Market
1 Forecast Assumptions
2 Forecast Assumptions
3 Spending Forecast
4 Spending Forecast Discussion
5 Percent Spending Forecast by Region
6 Global Trends

5 MARKET SHARE AND COMPETITIVE ANALYSIS—TOTAL OFFSHORE OIL AND GAS SATELLITE COMMUNICATIONS MARKET

Market Share and Competitive Analysis—Total Offshore Oil and Gas Satellite Communications Market
1 Market Share Methodology
2 Market Share Based on Spending
3 Oil and Gas Vendor Spending on SATCOM
4 Competitive Factors and Assessment
5 Additional Information
6 Additional Information
7 Additional Information

6 NORTH AMERICA ANALYSIS

North America Analysis
1 North America—Key Findings
2 Spending Forecast

7 LATIN AMERICA ANALYSIS

Latin America Analysis
1 Latin America—Key Findings
2 Spending Forecast

8 EUROPE ANALYSIS

Europe Analysis
1 Europe—Key Findings
2 Spending Forecast

9 APAC ANALYSIS

APAC Analysis
1 APAC—Key Findings
2 Spending Forecast

10 MIDDLE EAST ANALYSIS

Middle East Analysis
1 Middle East—Key Findings
2 Spending Forecast

11 REST OF WORLD ANALYSIS

Rest of World Analysis
1 Rest of World—Key Findings
2 Spending Forecast

12 THE LAST WORD

The Last Word
1 The Last Word—Predictions
2 Legal Disclaimer

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